Faced with a 50 percent inflation rate affecting food and especially beef, the Government of Argentina imposed an export ban that resulted in loss of foreign exchange and disruption within the livestock industry.
After a month of protests and reevaluation, the Government appears to be close to a settlement with the beef industry, intending to relax the ban. Plants will be allowed to export 50 percent of normal volume during July. Contractual commitments to the European Union and the United States would not be restricted.